ID-Pal secures €7m expansion boost

Regtech company led by Colum Lyons provides an out-of-the-box identity verification solution for businesses that can be set up in minutes

Colum Lyons, founder and chief executive, ID-Pal: ‘If you looked at our business two years ago, 90 per cent of revenues were coming from Ireland and now it is just under 40 per cent so we’re really focused on internationalising the business’

ID-Pal, an online verification company, has secured €7 million in investment to further fuel expansion after a doubling of customers and employees over the past year.

Founded by Colum Lyons in 2016, ID-Pal is a software-as-a-service (SaaS) company that helps businesses ensure compliance with regulatory identity requirements such as anti-money laundering (AML) and know your customer (KYC).

The company's platform verifies customer identities in real-time via a number of means, including document verification and facial ...